Ex-Deutsche Bank trader granted $1.46m bail in rate rigging case

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A London judge released former Deutsche Bank employee Christian Bittar on $1.46m bail after the ex-trader and five others were formally charged in court with manipulating a key interest-rate benchmark.

Bloomberg News reports that Bittar, a slim 43-year-old with dark brown hair, and former colleague Achim Kraemer, 51, appeared in court alongside ex-Barclays employees Colin Bermingham, Italian Carlo Palombo, 47-year-old Philippe Moryoussef and Sisse Bohart.

The judge released them, with bail set for Palombo, 37, and Moryoussef, who lives in Singapore, at $217,980, $145,320 for Kraemer, who is German and still working for Deutsche Bank, and $72,660 for Bohart, who has long, blonde hair and lives in Denmark. No security was requested for the 59-year-old Bermingham, who is retired and the only defendant living in the U.K. Five other traders also facing charges in the case didn’t attend the court session.

To access the complete Bloomberg News article hit the link below:

Ex-Deutsche Bank Trader Bittar Granted 1 Million Pound Bail

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